N.S.W. FINANCE
CONFERENCE OF PREMIERS.
(Australian Press Association).
(Received this day at 9. a.ra.) :■ ; SYDNEY, Feb. 3. A conference was held during the week-end between the Prime Minister
(Mr Scullin), the Federal Treasurer (Mr Theodore); Premier Bavin and the State Treasurer (Mr Stevens) concerning.the grave financial position of New South' Wales, due largely to the prolonged and disastrous coal dispute and the serious decline in wool prices. The discussions were held in private. Mr Bavin stated afterwards that the State’s difficulty: was in obtaining loan money for a. continuance of public works. If money for this purpose could not be obtained, drastic retrenchment would have to be considered. Finality,, \ however, was not reached. . ; ; The Prime Minister had the desirability of finding a of the coal dispute as an incentive to
investment loan to be issued and restoration of confidence in Australia. Mr Scullin described the whole pro-: blem of obtaining finance for all, the ♦States was very serious. The. conference has not concluded., .
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Hokitika Guardian, 3 February 1930, Page 4
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163N.S.W. FINANCE Hokitika Guardian, 3 February 1930, Page 4
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